CFO4Life Group LLC Buys 158 Shares of Duke Energy Co. (NYSE:DUK)

CFO4Life Group LLC lifted its holdings in Duke Energy Co. (NYSE:DUK) by 4.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,903 shares of the utilities provider’s stock after purchasing an additional 158 shares during the quarter. CFO4Life Group LLC’s holdings in Duke Energy were worth $421,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Baron Wealth Management LLC lifted its holdings in Duke Energy by 3.5% in the third quarter. Baron Wealth Management LLC now owns 2,730 shares of the utilities provider’s stock valued at $315,000 after acquiring an additional 92 shares during the last quarter. Wilmington Savings Fund Society FSB increased its position in shares of Duke Energy by 0.3% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 31,353 shares of the utilities provider’s stock worth $3,378,000 after acquiring an additional 93 shares during the period. Pallas Capital Advisors LLC increased its position in shares of Duke Energy by 2.8% during the fourth quarter. Pallas Capital Advisors LLC now owns 3,456 shares of the utilities provider’s stock worth $372,000 after acquiring an additional 95 shares during the period. Intergy Private Wealth LLC increased its position in shares of Duke Energy by 4.8% during the fourth quarter. Intergy Private Wealth LLC now owns 2,113 shares of the utilities provider’s stock worth $228,000 after acquiring an additional 96 shares during the period. Finally, V Square Quantitative Management LLC grew its stake in shares of Duke Energy by 1.3% during the fourth quarter. V Square Quantitative Management LLC now owns 7,233 shares of the utilities provider’s stock worth $779,000 after purchasing an additional 96 shares in the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Scotiabank boosted their target price on shares of Duke Energy from $113.00 to $120.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Jefferies Financial Group increased their target price on shares of Duke Energy from $129.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Guggenheim increased their target price on shares of Duke Energy from $132.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. JPMorgan Chase & Co. increased their target price on shares of Duke Energy from $114.00 to $121.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, Morgan Stanley decreased their target price on shares of Duke Energy from $122.00 to $118.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $122.93.

Duke Energy Stock Down 0.9 %

DUK opened at $116.69 on Thursday. The business’s fifty day moving average is $112.40 and its two-hundred day moving average is $113.36. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.44 and a current ratio of 0.67. The company has a market cap of $90.61 billion, a price-to-earnings ratio of 20.44, a PEG ratio of 2.79 and a beta of 0.48. Duke Energy Co. has a one year low of $92.75 and a one year high of $121.25.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.05. Duke Energy had a return on equity of 9.50% and a net margin of 14.90%. Analysts anticipate that Duke Energy Co. will post 6.33 EPS for the current fiscal year.

Duke Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 14th will be given a dividend of $1.045 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $4.18 annualized dividend and a yield of 3.58%. Duke Energy’s dividend payout ratio (DPR) is presently 73.20%.

About Duke Energy

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through two segments: Electric Utilities and Infrastructure (EU&I), and Gas Utilities and Infrastructure (GU&I). The EU&I segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest.